News & Announcements

Indo National standalone net profit rises 91.62% in the December 2017 quarter

15 - Feb - 2018 12:00 AM | 32 days ago

Net profit of Indo National rose 91.62% to Rs 6.63 crore in the quarter ended December 2017 as against Rs 3.46 crore during the previous quarter ended December 2016. Sales rose 10.31% to Rs 81.21 crore in the quarter ended December 2017 as against Rs 73.62 crore during the previous quarter ended December 2016.

Indo National announced that the company will be launching a new product 'Mosquito Bat' under brand name 'Nippo' priced at MRP of Rs 695 per bat as a pilot study project. After seeing response from the market, the 'Mosquito Bat' will be launched in full-fledged manner.

The Board of Indo National at its meeting held on 05 December 2017 approved to provide corporate guarantee of Rs 8.50 crore to HDFC Bank on behalf of its step one subsidiary - Kineco. The Competition Commission of India is investigating the zinc carbon dry cell battery industry including the Company in relation to cartelisation. The Company has fully cooperated in this investigation and provided all the necessary documents and explanations.

Indo National standalone net profit declines 38.34% in the September 2017 quarter

05 - Dec - 2017 12:00 AM | 104 days ago

Net profit of Indo National declined 38.34% to Rs 4.76 crore in the quarter ended September 2017 as against Rs 7.72 crore during the previous quarter ended September 2016. Sales declined 18.68% to Rs 74.67 crore in the quarter ended September 2017 as against Rs 91.82 crore during the previous quarter ended September 2016.

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